13604 Chadron Ave - Apartments FOR SALE


Hawthorne, CA 90250
$6,400,000 USD
323-228-0786
13604 Chadron Ave, Hawthorne, CA for Sale
$6,400,000 USD
Apartments - FOR SALE
1/7
null | 4.07% Cap Rate

13604 Chadron Ave
Hawthorne, CA 90250


HIGHLIGHTS

  • Individually Parceled Buildings
  • Substantial Capital Expenditures: Roofs, Water Heaters, Landscaping
  • 48 Covered Parking Spaces
  • Many Renovated Units: New flooring, Kitchens, Bathroom and Appliances
  • Convenient Location close to LAX , Beaches , Sports and Entertainment Complexes

OVERVIEW

Executive Summary 13604 & 13608 Chadron Ave. presents an attractive investment opportunity. The Asset is comprised of 30 units in two identical but individually parceled 15-unit buildings. The complex shares a total of 48 covered parking spaces, creating the potential for additional income from parking. Each building has 14 one bedroom, one bath units and 1 townhome style, two bedroom one & a half bathroom unit. All units are separately metered for gas and electricity. Both buildings have extensive Captial improvements. Which include new roofs, some sewer line replacements and drought resistant water efficient landscaping. Multiple units have recent renovated kitchens, bathrooms, flooring and new appliances. Based on actual expenses the asset is projected to be operating at a 5.3% CAP rate for the upcoming 12 months and is being offered for $213,333 per unit. Each apartment unit offers owner provided stoves, microwaves, and dishwashers. Tenants have the added convenience of an onsite laundry facility, intercom entry and gated parking.

FOR SALE DETAILS

PRICE

$6,400,000 USD

PRICE/SF

$569 USD /SF

# OF UNITS

30

PRICE/UNIT

$213,333

CAP RATE

4.07%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

13608 Chadron Ave, Hawthrone, CA 90250

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

HAR3*

APN/PARCEL ID

4052-013-017,4052-013-018

ASK ABOUT THIS PROPERTY

Camille BettisCamille BettisMore Info
323-228-0786

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Camille BettisCamille BettisMore Info
323-228-0786

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.